Apple’s Tim Cook to take 50% pay hit after shareholder feedback ‘Compensation’ for CEO down from $99.4m in 2022 to an expected $49m for current year
Darktrace shares fall below IPO price as new client sign-ups slow Cybersecurity firm hits lowest level since flotation as co-founder fights extradition to US on fraud charges
Amazon to axe 18,000 workers as more US tech firms cut jobs Amazon boss blames economic uncertainty and recent rapid hiring while Salesforce cuts 8,000 roles, almost 1 in 10 staff
Meta dealt blow by EU ruling that could result in data use ‘opt-in’ Irish regulator fines Facebook owner €390m after EU rejects argument for use of data to drive personalised ads
Slumping revenue, Tesla woes and a ‘resignation’: Musk’s wild reign at Twitter so far Tech tycoon has slashed jobs and lost credibility with investors since buying the social media platform
Investors convert ‘totally worthless’ NFTs into tax write-offs A new service offers a way to offset losses from NFTs during a grim crypto winter that saw demand for digital collectibles vanish
Car industry leaders warn UK could lose out to US subsidy scheme Fears over US Inflation Reduction Act should be ‘wake-up’ for UK government to increase incentives, says car boss Andy Palmer
Firefox and Tumblr join rush to support Mastodon social network Elon Musk admits banning links to Twitter rival was a mistake
Elon Musk’s Twitter poll: 10 million say he should step down Billionaire chief executive of Tesla insists there is no successor in the wings at social media platform
Binance auditor withdraws from working with crypto company World’s largest cryptocurrency exchange, which has been hit by $6bn of withdrawals this week, seeks replacement for Mazars
Amazon agrees deal with Games Workshop to create Warhammer TV series Former Superman star Henry Cavill linked to project, and agreement includes film and merchandise plans
Elon Musk sells new $3.6bn tranche of Tesla shares Latest selloff takes total sale this year to $23bn and follows loss of world’s richest man title
Bitcoin has rallied. What are crypto’s true believers still smoking? FTX’s filing for bankruptcy was an existential event – and may signal the moment when grown-up thinking re-entered the room
Twitter ‘to lose 32m users in two years after Elon Musk takeover’ Forecast predicts people will leave platform over technical problems and spread of hate speech
FTX’s Sam Bankman-Fried to testify before Congress next week Founder and former CEO says he could talk about what he thinks led to crash and ‘my own failings’